Actuarial Science Program

Program Advisory Board

We are honored to have the following actuaries in Nashville area to serve on our actuarial science program advisory board:

Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary, SIGMA Actuarial Consulting Group.

Michelle Bradley, ACAS, MAAA, ARM, CERA, CCIS, Consulting Actuary, SIGMA Actuarial Consulting Group.

Michelle is a consulting actuary at SIGMA and has spent over 30 years in the actuarial profession. Her professional designations or credentials include Associate of the Casualty Actuarial Society, Member of the American Academy of Actuaries, Associate in Risk Management, Chartered Enterprise Risk Analyst, and Certified Cyber Insurance Specialist. She has extensive experience in the areas of actuarial, risk management and enterprise risk management. She has served on the board of directors for the Tennessee Captive Insurance Association, the Society of Risk Management Consultants, the Casualty Actuaries of the Southeast, and the Hawaii Captive Insurance Council. Michelle currently serves on the Advisory Council for Middle Tennessee State University’s Master of Science in Professional Science Program and the Advisory Board for the Middle Tennessee State University’s Martin Chair of Insurance. Michelle has published several papers in industry journals, most recently in Captive International. Michelle graduated with a B.S. degree in Mathematics from Lipscomb University and a M.S. degree in Mathematics from Vanderbilt University.

Dusty Gray, Senior Vice President, Revenue Operations, First Acceptance Insurance

Dusty Gray, Senior Vice President, Revenue Operations, First Acceptance Insurance

Dusty Gray is the Senior Vice President of Revenue Operations at First Acceptance Insurance Company in Nashville, Tennessee. In this role, he leads the alignment of distribution, marketing, customer experience, and digital teams under a unified strategic framework. He partners closely with actuarial and product leaders to manage risk while driving profitable growth across the company’s auto insurance distribution channels.

Dusty earned his degree in Mathematical Sciences with a concentration in Actuarial Science from Middle Tennessee State University, where he developed a strong interest in financial modeling and forecasting. He began his career as an actuarial analyst before transitioning into product management and then marketing analytics, gaining a well-rounded perspective that bridges technical expertise and customer-focused strategy.

He joined First Acceptance in 2019 as Vice President of Ecommerce and served in that role until late 2023, when he was promoted to Senior Vice President of Revenue Operations.  Dusty lives in Nashville and is a proud Blue Raider.

Sydney McIndoo, FCAS, MAAA, CedarStone Actuarial

Sydney McIndoo, FCAS, MAAA, CedarStone Actuarial

Sydney McIndoo is a Fellow of the Casualty Actuarial Society (CAS) and have over 12 years of actuarial experience on various lines of business including Automobile Liability, Cyber Liability, General Liability, Workers’ Compensation, Property, Professional lines of business, and Homeowners. She is the owner and Chief Actuary of CedarStone Actuarial, a consulting firm based out of Lebanon, TN. CedarStone specialize in providing actuarial services to insurance companies, self-insured entities, risk pools, captive insurance companies, and other risk transfer organizations.

Sydney has served on the Professionalism Education Working Group since 2019, and now serve as the Course Content lead of the Course on Professionalism. Additionally, she is involved in the Actuarial Review, the official publication of the Casualty Actuarial Society intended to provide CAS members with news and views regarding items of professional interest to casualty actuaries.

Outside of work, Sydney enjoy spending time with my husband and two young sons, volunteering with the local Master Gardener chapter, playing volleyball, and reading.

Donny Peay Image

Donny Peay, FCAS, MAAA, John Deere

Donny Peay, FCAS, MAAA,is a Nashville native and John Deere’s head actuary with nearly a decade of P&C pricing and reserving experience. In his current role, he manages John Deere’s extended warranty portfolio and other John Deere captive managed P&C risks. Prior to this role, Donny served as the Actuarial Pricing manager at Caterpillar, where he managed the global pricing for CAT’s insurance products with a focus on extended warranties. He also led the captive’s actuarial team with The Hartford. Donny has pricing and reserving experience in the following lines of businesses: Worker’s Compensation, General Liability, Auto Liability & Physical Damage, Property, and Extended Warranties.  Donny holds a M.S. in Actuarial Science from Middle Tennessee State University and a B.S. in Mathematics from Austin Peay University.

Jack Pipa, FCAS, MAAA, Partner & Consulting Actuary, Select Actuarial Services

Jack Pipa, FCAS, MAAA, Partner & Consulting Actuary, Select Actuarial Services

Jack Pipa, FCAS, MAAA, is a Property & Casualty consulting actuary and partner at Select Actuarial Services. He graduated from MTSU in 2007 with a B.A. in Mathematics and a minor in Secondary Education. He began his career as a sixth-grade math teacher before transitioning to the actuarial profession in 2012. Since then, Jack has provided actuarial consulting services to a wide range of clients in the alternative risk space, including governmental risk pools, captive insurance companies, and self-insured public and private entities. He focuses on reserve and forecast analyses and helping clients make use of available data to inform decision making. Jack serves as a CAS University Liaison to MTSU and has spoken to students on several occasions, as well as helped organize and participate in the CAS Case Competition. He is committed to supporting the continued growth and success of the university’s actuarial program.

Dmitry Terekhov, FSA, MAAA, Senior Director, Willis Tower Watson

Dmitry Terekhov, FSA, MAAA, Senior Director, Willis Tower Watson

Dmitry Terekhov is a senior healthcare actuary in Willis Towers Watson’s Southeast region. His areas of expertise include benefit design, strategy, financial projections, and budgeting for benefit program costs including active and postretirement benefit plans. He assists his clients in developing benefit strategies to help achieve desired cost and workforce management objectives.

Dmitry has over a decade of health and welfare consulting experience working with organizations from 1,000 to over 200,000 employees across multiple industries, including Financial, Private Equity, Transportation, Consumer, and Healthcare. In addition, Dmitry serves in a national role supporting evaluation of shared savings and payment integrity programs in US healthcare.

Dmitry received his Bachelor of Science degree in Mathematics with a concentration in Actuarial Science from Middle Tennessee State University, where he was part of the collegiate debate team. Dmitry is a Fellow of the Society of Actuaries and a member of the American Academy of Actuaries.

Contact the Actuarial Science Program

The Actuarial Science Program welcomes your comments and questions. Please contact us by phone at (615) 898-2669

Dr. Vajira Manathunga,
Director of the Actuarial Science Program
Email: Vajira.Manathunga@mtsu.edu
Phone: +1 615-898-5763

Main Office
Phone: (615) 898-2669
Email: actuary@mtsu.edu

Mailing Address:
Actuarial Science Program
MTSU Department of Mathematical Sciences
MTSU BOX 34
Murfreesboro, Tennessee 37132